Universal Music Group (“UMG”) has acquired the rights to Bob Dylan’s entire catalogue of music. The acquisition is thought to be one of UMG’s biggest by value, estimated at somewhere in the region of £150m-£330m as a lump sum, and UMG will now collect all of the royalties generated by Dylan’s music.
The deal includes 600 tracks from Dylan’s long career. Many other artists have sold the rights in their music to UMG or groups like it in recent years. Just last week Stevie Nicks sold a majority stake in her music for around £60m. The monetisation of intellectual property in this way is nothing new, but the sums available to artists that do not mind losing control of how their music is used are only increasing.
If you would like any advice on monetising your intellectual property, please give the team at McDaniels Law a call on 0191 281 4000, or get in touch by email at firstname.lastname@example.org.Posted by: Adham Harker in: Copyright